Is Schiller Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Schiller Park is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Schiller Park has remained a Seller's Market.

Key Takeaway

Schiller Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Schiller Park, IL

How much do homes in Schiller Park, IL cost?

Median Sold Price

$275,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$15,000(+5.8%)

Key Takeaway

Homes in Schiller Park have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Schiller Park was $275,000 in December 2024, up 5.8% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $114K$126K
+10.5%
2 $157K$186K
+18.5%
3 $305K$335K
+9.8%
4 $333.2K$360K
+8.0%
5+ $429.5K$498K
+15.9%

Summary: Schiller Park housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Cities

Chicago
+7.8%
Franklin Park
+6.2%
Leyden Township
+6.1%
Schiller Park
+5.8%

Housing Supply in Schiller Park, IL

How many homes are available in Schiller Park, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3132+3.2%

Summary: The Schiller Park real estate market had 32 homes for sale in December 2024, a 3.2% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 55
0.0%
2 710
+42.9%
3 1313
0.0%
4 42
-50.0%
5+ 22
0.0%

Summary: The Schiller Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Schiller Park, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Schiller Park in December 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for Schiller Park, IL

How long does it take to sell a home in Schiller Park, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
22 Days29 Days+29.3%

Summary: Homes in Schiller Park had an average of 29 days on market in Dec 2024, up by 29.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Schiller Park are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 9 homes were sold in Schiller Park; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Schiller Park, IL

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